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Rules governing U.S. public markets are driving businesses to overseas exchanges and private sources to raise money, damaging the competitiveness of the American capital markets, a high-profile panel of chief executives and academics co-chaired by the former economic adviser to President Bush said Thursday.
The report to the White House makes a number of recommendations, including […]

The threat of foreign ownership has promted the government to rush through Sarbox protection legislation for the London Stock Exchange.
Last year, the volumes and values of European IPOs outstripped US activity for the first time in four years – as companies moved to avoid the onerous requirements of Sarbanes-Oxley.
And a senior director of US stock […]

A global survey of 800 internal audit chiefs has revealed that the pressures of regulatory compliance have compromised their ability to complete thorough audits.
The research – whose respondents were from North America ( 51%), Europe (17%), Latin America (15%), Asia-Pacific (9%), the Middle East (8%) and Africa (55%) - produced by business analysis firm ACL […]

Parts of the landmark 2002 Sarbanes-Oxley corporate governance law should be implemented in different ways to save businesses money and time, U.S. Treasury Secretary Henry Paulson said in a speech Monday.
In prepared remarks to the Economic Club of New York, Paulson said a new law to amend the controversial act is not needed, but he […]

U.S. regulators will unveil “significant changes” to the implementation of the corporate internal-controls reviews mandated by the 2002 Sarbanes-Oxley Act, Securities and Exchange Commission Chairman Christopher Cox said Thursday.
The U.S. law requires public companies to make an annual assessment of their internal controls over financial reporting, which must be reviewed by the firm’s outside auditor.
Larger […]

Debate about whether the Sarbanes-Oxley Act is harming U.S. investment banking business could be on the agenda when Wall Street firms hold annual meetings in 2007.
Conservative pundit Steven Milloy, who co-manages the Free Enterprise Action Fund, a Potomac, Md.-based mutual fund, is pressing U.S. investment banks to provide more disclosure on the effects of the […]

Details of a plan to protect the UK from Sarbanes-Oxley are set to be unveiled this week in the Queen’s Speech on Wednesday.
The Clearing House and Banking Bill - which should be in force within a year - is designed to overcome fears that a London Stock Exchange takeover by a US exchange could allow […]

For Silicon Valley venture capitalists eager to weaken the corporate governance law known as Sarbanes-Oxley, Representative Nancy Pelosi may prove to be a useful ally.
Pelosi, a Democrat, already has identified revising the law as a priority when she becomes the speaker of the U.S. House of Representatives in January.
Venture capital firms have been lobbying the […]

Leaders of the Securities and Exchange Commission and the panel that oversees the accounting industry will meet in an effort to resolve differences over how to overhaul a controversial corporate accountability measure that business groups have targeted as overly expensive.
Tension over a part of the 2002 Sarbanes-Oxley law, which requires companies to review their financial […]

Business has won the battle to ease one of the most controversial requirements mandated by the Sarbanes-Oxley corporate-reform law: that companies first review their own systems for ensuring accurate financial reports and then have them tested by outside auditors.
The nation’s business lobby, which says Sarbanes-Oxley is too burdensome, would like to see even broader changes […]